Listening to Obama speak about the need to do something right now, it’s easy to imagine just enough Republicans getting sucked in to officially get “New Deal 2: Electric Boogaloo” green-lit.
I don’t ever remember my unionized teachers mentioning the 20% unemployment rate in 1938– six years after FDR took office and years into his version of stimulus.
That’s not to say that Obama’s actions won’t eventually solve this. Remember that it took a World War to get us out of FDR’s version of a Depression. Given our dear leader’s apparent reliance on the “I’d like to buy the world a Coke” version of the Can’t We All Just Get Along school of diplomacy, it’s not outrageous to think that history could repeat itself down the road.